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The U.S. has now spent more on COVID-19 than on World War II. Here’s what it might mean for bitcoin.
This episode is sponsored by Nexo.io and Casper.
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COVID-19 sent the money printer into overdrive. With the newly signed $1.9 trillion stimulus bill, the total spent on pandemic relief in the U.S. exceeds $6 trillion, more than WWII’s inflation-adjusted $4.1 trillion.
In this episode, NLW explores what the possible implications of this spending are for bitcoin, including:
- Whether we’re likely to see if some of the $400 billion allocated for direct checks to citizens find its way into bitcoin
- Whether the $1.9 trillion is just the start of a larger set of Biden Administration initiatives that will redefine our relationship with the balance sheet
NLW also does a quick regulatory roundup looking at:
- The CFTC investigating BINANCE
- U.S. Rep. Warren Davidson reintroducing the “Token Taxonomy Act”
- The introduction of the “Eliminate Barriers to Innovation Act”
See also: Macro 101: Bonds, the Fed and Money Printing, Feat. Delphi Digital’s Kevin Kelly
Image credit: LPETTET/iStock/Getty Images Plus
